The Walt Disney Co. (NYSE:DIS) – Equities researchers at Jefferies Group lowered their Q4 2017 EPS estimates for The Walt Disney in a report issued on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the firm will post earnings per share of $1.26 for the quarter, down from their prior estimate of $1.27. Jefferies Group has a “Hold” rating on the stock.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.01. The company earned $14.20 billion during the quarter, compared to analysts’ expectations of $14.16 billion. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The Walt Disney’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 earnings per share.
Other equities analysts have also issued research reports about the company. Morgan Stanley restated a “hold” rating on shares of The Walt Disney in a research note on Sunday, July 17th. Royal Bank Of Canada reiterated a “hold” rating on shares of The Walt Disney in a research note on Monday, June 27th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $118.00 price objective on shares of The Walt Disney in a research note on Saturday, August 13th. Wells Fargo & Co. reiterated a “hold” rating and set a $100.00 price objective on shares of The Walt Disney in a research note on Friday, June 10th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of The Walt Disney in a research note on Friday, June 17th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $109.99.
The Walt Disney (NYSE:DIS) traded up 1.1424% during mid-day trading on Thursday, reaching $93.4455. The company’s stock had a trading volume of 4,375,938 shares. The company has a market capitalization of $150.18 billion, a price-to-earnings ratio of 16.7947 and a beta of 1.28. The stock has a 50-day moving average price of $94.94 and a 200-day moving average price of $98.20. The Walt Disney has a one year low of $86.25 and a one year high of $120.65.
Large investors have recently made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of The Walt Disney during the second quarter worth approximately $103,000. Balentine LLC boosted its stake in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock worth $105,000 after buying an additional 845 shares during the last quarter. Krilogy Financial LLC boosted its stake in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock worth $126,000 after buying an additional 61 shares during the last quarter. Cordasco Financial Network boosted its stake in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock worth $147,000 after buying an additional 900 shares during the last quarter. Finally, Opera Trading Capital acquired a new stake in shares of The Walt Disney during the first quarter worth approximately $158,000. 57.92% of the stock is owned by institutional investors and hedge funds.
The Walt Disney Company Profile
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
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